Compliance Ops Rep
City National Bank
•
Silicon Valley CA
Company
City National Bank
Location
Silicon Valley CA
Type
Full Time
Job Description
COMPLIANCE OPERATIONS REPRESENTATIVE
WHAT IS THE OPPORTUNITY?
This position is responsible for providing day-to-day support to the Legal Services Division. Key responsibilities are the timely and accurate processing of compliance and legal order documentation. Represents the department to both internal and external clients, attorneys and regulatory agencies to interpret and explain policies and procedures, respond to inquiries, requests and to resolve problems.
WHAT WILL YOU DO?
- Responsible for Subpoena processing which includes conducting research on bank systems to determine the applicable production of clients records, sending subpoena notifications to clients and/or business units, interacting with attorneys and regulatory agencies to determine and negotiate the production and due dates of records, requesting ,reviewing and mailing of the production of records.
- Responsible for processing various types of Legal Processes which includes conducting research on bank records based on information provided on the legal order and determining accounts applicable to the order, holding and remitting clients funds and/or property to the respective agency.
- Responsible for processing Currency Transaction reports which includes researching, verifying and evaluating transactions to determine if a currency transaction report is warranted to comply with The Financial Crimes Enforcement Network (FinCEN) regulatory requirements.
- Responsible for reviewing and approving various transactions that alert due to Office of Foreign Assets Control OFAC.
- Responsible for processing Reg D-Money Market/Savings Account monitoring reports. .Activating dormant/escheat suspect accounts.
- Conducting daily review of nonsufficient funds (NSF) items for attorney-client trust accounts and notifying the State Bar, if applicable.
- Processing of Forms W-9, processing U.S. Department of the Treasury check reclamations, invoking and releasing IRS backup withholding on deposit accounts and monitoring IRS B and C notices.
- TEFRA balancing, remitting interest on IOLTA accounts to various State Bars, processing missing TIN report
- Escheat process which includes reporting and remittance of unclaimed property to their respective States
- Assisting with the mailing and corrections of year-end 1098/1099, B-notices mailing.
WHAT DO YOU NEED TO SUCCEED
Must-Have*
- H.S. Diploma
- Minimum 6 months of compliance or banking operations experience required. OR Minimum 1 year of general office or accounting experience required.
Skills and Knowledge
- Good knowledge of Bank Secrecy ACT (BSA), OFAC and other regulatory requirements.
- Knowledge in processing currency transaction reports, Legal Processes, Subpoenas, OFAC and/or general understanding of compliance related functions.
- Great quality of work, quantity of work, job knowledge, customer service, problem solving, ability to work independently and initiative to take on new assignments, compliance and dependability.
Compensation
Starting base salary: $20.70 - $25.31 per hour. Exact compensation may vary based on skills, experience, and location.
*To be considered for this position you must meet at least these basic qualifications
The preceding job description has been designed to indicate the general nature and level of work performed by employees within this classification. It is not designed to contain or be interpreted as a comprehensive inventory of all duties, responsibilities, and qualifications required of employees assigned to this job.
INCLUSION AND EQUAL OPPORTUNITY EMPLOYMENT
City National Bank is an equal opportunity employer committed to diversity and inclusion. All qualified applicants will receive consideration for employment without regard to race, color, religion, sex, sexual orientation, gender identity, national origin, disability, veteran status or any other basis protected by law.
City National Bank is an equal opportunity employer committed to diversity and inclusion. All qualified applicants will receive consideration for employment without regard to race, color, religion, sex, sexual orientation, gender identity, national origin, disability, veteran status or any other basis protected by law.
ABOUT CITY NATIONAL
We start with a basic premise: Business is personal. Since day one we've always gone further than the competition to help our clients, colleagues and community flourish. City National Bank was founded in 1954 by entrepreneurs for entrepreneurs and that legacy of integrity, community and unparalleled client relationships continues to drive phenomenal growth today. City National is a subsidiary of Royal Bank of Canada, one of North America's leading diversified financial services companies.
Positions based in New York City:
In order to work on-site at City National Bank in New York City, you must be fully vaccinated against COVID-19, per city requirements. Shortly after your start date, you will be required to attest to your vaccination status and will be required to provide proof of vaccination.
Positions based in New York City:
In order to work on-site at City National Bank in New York City, you must be fully vaccinated against COVID-19, per city requirements. Shortly after your start date, you will be required to attest to your vaccination status and will be required to provide proof of vaccination.
Apply Now
Back to Job Listings
❤️Add To Job List
Company Info
View Company Reviews
Date Posted
09/29/2022
Views
6
Positive
Subjectivity Score: 0.7
Similar Jobs
Catering Chef - Elwood Professional
Views in the last 30 days - 0
Plans organizes and executes training of department staff to meet continuous process improvement objectives and completes various administrative dutie...
View DetailsJourneyman Electrician - We Power America
Views in the last 30 days - 0
Compliance with Codes and Standards Ensure all electrical work adheres to local state and federal electrical codes safety standards and building
View DetailsSoftware Integration Engineer - TCI Transportation
Views in the last 30 days - 0
Bachelors degree in Computer Science Information Systems or related field Youll work closely with crossfunctional teams to develop APIs optimize
View DetailsWoodworker Lead - Olgoonik Corporation
Views in the last 30 days - 0
Forklift license or material handling certification Knowledge of carpentry methods hand tools power tools and pneumatic nailers
View DetailsIndustrial Security Analyst - Northrop Grumman
Views in the last 30 days - 0
Must effectively interface daily with the site Facility Security Officer FSO government and contractor customers NG program management and other NG
View DetailsIndustrial Electrician - Amrize
Views in the last 30 days - 0
Licensed Manufacturing Plant Electrician performs quick analysis troubleshooting and repair of all electrical and electronic components associated wit...
View Details